Loved it surprisingly. I didn't like the first 2, cause they were trying to be a horror game first and an action game second. And bluntly, they sucked hard at the horror aspect. The action, however, was always awesome, and in FEAR 3 it's like they finally said "F**k it, we'll just stick with the action and put the horror on the side". And it worked. This would probably piss off the crowd who were looking for scares, but honestly there are much better games out there for that.
FEAR 3's combat is probably the most insanely intense FPS action i've had in ages. The tight arenas they place you in for boss battles means you can't hide for long or use cheap tactics. You HAVE to get out there and fight for your life. And the bosses only get tougher and more relentless the further it gets in. I was mildly shocked when I checked the difficulty and discovered they start you on is the LOWEST one lol. For good reason I guess.
But yeah. Not a "pay full price and keep" game, but pick it up half price or in the bargain bin a year down the track, and it's an awesome co-op game that you could easily playthrough multiple times and it wouldn't lose it's enjoyability. Great game, but they should probably consider changing the name of any subsquent sequels in order to avoid confusion on their aims....